Launches & Closures Wrappers / Structures

TIG Advisors launches UCITS version of Asia fund under Proxima umbrella


Jim Ayer
TIG Advisors, with over $1 billion in assets under management, is advising a new Asian UCITS sub-fund launched by UK-based Proxima Investment Management, a company close to Italy’s Banknord.

The euro-denominated fund is a UCITS version of the long-standing Asia long/short fund managed by Jim Ayer, the highly regarded New York-based manager of the TIG Ayer Asia Fund. Ayer, seen as a veteran of Asian hedge fund investing, gained wide expertise on pan-Asian markets, having managed the TIG Ayer Asia Fund since 1997.

“The idea is to raise institutional money for the Asia